$385,000
$389,000
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5,001 SqFt
SOLD DATE : 02/01/2022
Key Details
Sold Price $385,000
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Sold
Purchase Type For Sale
Square Footage 5,001 sqft
Price per Sqft $76
MLS Listing ID 170403018
Sold Date 02/01/22
Style Units on different Floors
Year Built 1900
Annual Tax Amount $5,031
Lot Size 0.620 Acres
Property Description
Rare mansion back on the market after buyer failed to obtain mortgage commitment. This huge home has many original details and has been converted to a very profitable five apartment building. Tenants should not be disturbed for the curious. The first showing may not have access to all apartments, but a second showing will include anything not seen. Apartments have large rooms. Details from the original 1900 house are still in place and unharmed, despite the conversion. Inspections were done and the house is virtually faultless. Stained glass windows made by D. Maitland Armstrong, a colleague of Louis Comfort Tiffany. The exterior and interior front doors have leaded glass side and top lights. The main stair case is adorned with massive stained glass windows on the first landing. Rents are under market and future rents could be raised substantially. All apartments have new efficient toilets and plumbing and electrical have been updated. The roof was replaced in 2012. There is no additional money needed to be spent here. Rental history is very good. There are 5 separate gas furnaces and hot water for all 5 units. There is plenty of paved off street parking. This was one of the few truly stately homes in the area. The house was built for Arthur L. Clark, a former senator and bank president This house could be converted back to a single family, as well as being maintained as it is currently: a profitable multi-family. Gross income is $48,000 yearly. Agent is owner related.
Location
State CT
County Litchfield
Zoning TCR
Rooms
Basement Full With Hatchway, Unfinished, Concrete Floor
Interior
Heating Baseboard
Cooling Window Unit
Fireplaces Number 3
Exterior
Exterior Feature Porch, Porch-Enclosed
Garage Off Street Parking, Parking Lot
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Historic District
Foundation Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
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Bought with L. Cleveland Fuessenich • Klemm Real Estate Inc
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Broker | REB.0791464